Sydney (South) - Haymarket

Population growth drivers in Sydney (South) - Haymarket are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Sydney South Haymarket's population, as of November 2025, is approximately 25,215. This represents an increase of 5,280 people since the 2021 Census, which recorded a population of 19,935. The growth is inferred from ABS estimates: 23,756 residents in June 2024 and 281 new addresses validated post-Census. This results in a population density of 23,347 persons per square kilometer, placing Sydney South Haymarket among the top 10% nationally. The area's growth rate exceeded both state (7.6%) and Greater Sydney averages since 2021. Overseas migration contributed approximately 93.7% of population gains during this period.

For future projections, AreaSearch uses ABS/Geoscience Australia data for SA2 areas released in 2024 with a base year of 2022. For uncovered SA2 areas, NSW State Government's SA2 level projections from 2022 (base year: 2021) are used. Growth rates by age group are applied to all areas for years 2032 to 2041. By 2041, Sydney South Haymarket is forecasted to increase by 10,129 persons, reflecting a total growth of 34.4% over the 17-year period.

The level of residential development activity in Sydney (South) - Haymarket was found to be higher than 90% of real estate markets across the country

Sydney South - Haymarket has seen approximately 170 new homes approved annually. Between financial years FY21 and FY25, a total of 854 homes were approved, with none yet recorded in FY26. On average, 2.3 people moved to the area per new home constructed over these five years, indicating strong demand that supports property values.

The average construction value of these new homes was $573,000, suggesting developers target the premium market segment. This financial year has seen $163.7 million in commercial development approvals, demonstrating robust commercial development activity. Compared to Greater Sydney, Haymarket records higher-than-average construction rates (41% above regional average per person over five years), offering good buyer choice while supporting existing property values.

All new constructions have been townhouses or apartments, promoting higher-density living and creating more affordable entry points for downsizers, investors, and first-home buyers. By 2041, Haymarket is projected to gain 8,670 residents. If current development rates persist, housing supply may not keep pace with population growth, potentially increasing buyer competition and supporting stronger price growth.

Sydney (South) - Haymarket has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 73 projects likely impacting the area. Notable projects include Mariyung Fleet (New Intercity Fleet), Atlassian Central, Central Place Sydney, and Harbourside Redevelopment by Mirvac. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Sydney (South) - Haymarket ranks among the top 25% of areas assessed nationally for overall employment performance

Sydney South - Haymarket has a highly educated workforce with professional services well represented. Unemployment rate is 1.7%. As of September 2025, 14,469 residents are employed, with an unemployment rate of 2.5% below Greater Sydney's 4.2%.

Workforce participation is lower at 65.0%, compared to Greater Sydney's 70.0%. Census data shows 38.1% of residents work from home. Leading employment industries include accommodation & food, professional & technical, and finance & insurance. The area specializes in accommodation & food with an employment share 4.3 times the regional level.

Conversely, health care & social assistance has lower representation at 6.3%. There are 2.6 workers per resident, indicating it functions as an employment hub attracting workers from surrounding areas. Between September 2024 and September 2025, labour force levels decreased by 0.8% alongside a 1.2% employment decline, causing unemployment to rise by 0.3 percentage points. In contrast, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%, with a 0.2 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Sydney South - Haymarket's employment mix suggests local employment should increase by 6.7% over five years and 13.3% over ten years, assuming constant population projections.

Income levels sit below national averages according to AreaSearch assessment

According to AreaSearch's aggregation of latest postcode level ATO data released for financial year ended June 2023, Sydney (South) - Haymarket SA2 had median income among taxpayers at $42,667 and average income at $95,679. These figures are exceptionally high nationally compared to Greater Sydney's median of $60,817 and average of $83,003. Considering Wage Price Index growth of 8.86% since financial year ended June 2023, estimated incomes as of September 2025 would be approximately $46,447 (median) and $104,156 (average). Based on 2021 Census figures, household income ranks at the 73rd percentile ($2,108 weekly), while personal income is at the 52nd percentile. Income analysis shows that 34.6% of residents (8,724 people) fall into the $1,500 - 2,999 income bracket, consistent with broader regional trends at 30.9%. Economic strength is evident with 31.0% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. High housing costs consume 25.8% of income, but strong earnings place disposable income at the 58th percentile. The area's SEIFA income ranking places it in the 8th decile.

Sydney (South) - Haymarket features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

In Sydney's South - Haymarket area, as recorded in the latest Census, just 0.1% of dwellings were houses while 99.9% comprised other types such as semi-detached homes and apartments, contrasting with Sydney metropolitan area's 55.9% houses and 44.1% other dwellings. Home ownership was lower at 12.0%, compared to Sydney metro's higher rate, with mortgaged properties at 11.0% and rented ones at 76.9%. The median monthly mortgage repayment in the area stood at $2,600, surpassing the Sydney metropolitan average of $2,427. Meanwhile, the median weekly rent was recorded at $620, higher than Sydney metro's figure of $470. Nationally, mortgage repayments were significantly higher compared to the Australian average of $1,863, and rents were substantially above the national figure of $375.

Sydney (South) - Haymarket features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households account for 50.3% of all households, including 9.2% that are couples with children, 33.5% that are couples without children, and 4.5% that are single parent families. Non-family households make up the remaining 49.7%, with lone person households at 30.4% and group households comprising 19.3%. The median household size is 2.3 people, which is smaller than the Greater Sydney average of 2.7.

The educational profile of Sydney (South) - Haymarket exceeds national averages, with above-average qualification levels and academic performance metrics

Educational attainment in Sydney (South) - Haymarket shows significantly higher levels than broader benchmarks. As of the latest data, 53.0% of residents aged 15+ hold university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are most common at 36.2%, followed by postgraduate qualifications (15.1%) and graduate diplomas (1.7%). Vocational credentials are also prominent, with 26.1% of residents aged 15+ holding such qualifications - advanced diplomas account for 18.9% and certificates for 7.2%.

Educational participation is high, with 43.9% of residents currently enrolled in formal education. This includes 12.8% in tertiary education, 2.0% in primary education, and 1.6% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Public transport analysis shows 93 active transport stops operating within Sydney (South) - Haymarket. These stops offer a mix of ferry, train, light rail, and bus services. They are serviced by 111 individual routes, collectively providing 72,289 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 147 meters from the nearest transport stop. As a primarily residential area, most residents commute outward. Walking is notably common at 29%, with 28% by train and 17% by bus.

Vehicle ownership averages 0.1 per dwelling, below the regional average. According to the 2021 Census, a high 38.1% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 10,327 trips per day across all routes, equating to approximately 777 weekly trips per individual stop.

Sydney (South) - Haymarket's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Sydney South - Haymarket shows excellent health outcomes, according to AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 69% of the total population (17,322 people) has private health cover, higher than Greater Sydney's 59.9% and the national average of 55.7%.

Asthma and mental health issues are the most common medical conditions, affecting 2.9 and 2.9% of residents respectively. Ninety percent of residents declare themselves completely clear of medical ailments, compared to 74.6% across Greater Sydney. The area has 4.5% of residents aged 65 and over (1,147 people), lower than Greater Sydney's 15.3%. Health outcomes among seniors are strong, with national rankings broadly in line with the general population.

Sydney (South) - Haymarket is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Sydney (South) - Haymarket is one of Australia's most culturally diverse areas, with 76.0% of its population speaking a language other than English at home and 82.9% born overseas. The predominant religion in Sydney (South) - Haymarket is Buddhism, accounting for 30.2% of the population, significantly higher than Greater Sydney's average of 4.1%. In terms of ancestry, the top three groups are Chinese (33.5%), Other (33.3%), and English (9.1%).

These percentages differ notably from their regional averages: Chinese is substantially higher (8.4%), Other is higher (16.0%), and English is lower (19.0%). Additionally, there are notable differences in the representation of Korean (3.1% vs 1.1%), Spanish (0.8% vs 0.6%), and Vietnamese (2.2% vs 1.8%) ethnic groups compared to regional averages.

Sydney (South) - Haymarket hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Sydney South - Haymarket's median age at 31 years is lower than Greater Sydney's average of 37 and Australia's median of 38. Compared to Greater Sydney, it has a higher proportion of residents aged 25-34 (42.0%) but fewer aged 5-14 (2.2%). The national percentage for the 25-34 age group is 14.5%. Between 2021 and present, the 35-44 age group has increased from 19.8% to 21.0%, while the 55-64 cohort has decreased from 5.0% to 4.0%. By 2041, demographic projections suggest significant changes in Sydney South - Haymarket's age profile. The 25-34 age group is expected to grow steadily, with an increase of 1,721 people (16%), from 10,600 to 12,322.